Caprock Group LLC Purchases New Stake in Invesco QQQ $QQQ

Caprock Group LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 57,986 shares of the exchange traded fund’s stock, valued at approximately $33,075,000. Invesco QQQ makes up 0.8% of Caprock Group LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other large investors have also recently made changes to their positions in the business. Sanchez Wealth Management Group increased its position in shares of Invesco QQQ by 16.1% during the third quarter. Sanchez Wealth Management Group now owns 50,821 shares of the exchange traded fund’s stock worth $30,511,000 after acquiring an additional 7,053 shares in the last quarter. Krilogy Financial LLC boosted its stake in Invesco QQQ by 24.3% during the 3rd quarter. Krilogy Financial LLC now owns 16,292 shares of the exchange traded fund’s stock valued at $10,155,000 after purchasing an additional 3,183 shares during the last quarter. Vision Financial Markets LLC increased its holdings in Invesco QQQ by 0.4% during the 3rd quarter. Vision Financial Markets LLC now owns 16,335 shares of the exchange traded fund’s stock worth $9,807,000 after purchasing an additional 58 shares in the last quarter. Signet Investment Advisory Group Inc. bought a new stake in Invesco QQQ during the 3rd quarter worth approximately $210,000. Finally, Center for Financial Planning Inc. raised its stake in shares of Invesco QQQ by 14.4% in the third quarter. Center for Financial Planning Inc. now owns 1,784 shares of the exchange traded fund’s stock worth $1,071,000 after purchasing an additional 224 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $611.47 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock’s 50 day moving average is $619.43 and its 200-day moving average is $603.23.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

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About Invesco QQQ

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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